• Most Popular
  • Most Shared

Harmony weighs further wage offer to SAfrica unions

Thu Jun 11, 2009 11:27am EDT

Stocks

   

JOHANNESBURG, June 11 (Reuters) - South Africa's Chamber of Mines said on Thursday that Harmony Gold Mining Co. (HARJ.J) has indicated to mineworkers unions that it would like to explore a further wage offer on a bilateral basis.

The Chamber, which negotiates collectively on behalf of gold producers, said in a statement that gold producers, with the exception of Harmony, made an offer of 7 percent to unions.

"The companies, with the exception of Harmony, made a wage increase offer of 7 percent. Harmony indicated to the unions that it would like to explore a further wage offer on a bilateral basis," the Chamber said.

Unions rejected the increased wage offer and called in an arbitrating authority to mediate.

(Reporting by James Macharia)



More from Reuters

Photo

New home sales hit seven-month low

WASHINGTON (Reuters) - Consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, but a surprise drop in new home sales was a reminder that the economic recovery would be bumpy.

» More Top News
A glass of water taken from a residential well after the start of natural gas drilling in Dimock, Pennsylvania, March 7, 2009. Dimock is one of hundreds of sites in Pennsylvania where energy companies are now racing to tap the massive Marcellus Shale natural gas formation. REUTERS/Tim Shaffer

Not in my watershed: NYC

The biggest U.S. city wants the state to ban one of the most promising sources of U.S. energy -- and also one of the most contentious.  Full Article 

Green Business
Cannabis sativa plant is seen in Buenos Aires, August 21, 2009. REUTERS/Enrique Marcarian
Bernd Dubusmann:

Obama, drugs, common sense

American attitudes towards drug prohibition – and above all, punitive laws on marijuana – are changing too fast for policymakers and legislators to ignore.  Commentary 

U.S.